$GPRO 📷 GoPro CEO Reassures Customers Cameras Will Remain Core to the Business.
GoPro CEO Nicholas Woodman said the company will continue developing cameras following its agreement to merge with Starman Optical. In a letter to customers, Woodman said the combined company plans to deliver more innovative cameras, smarter accessories and more capable software and services, addressing concerns about GoPro's future after the transaction. 📸
The reassurance comes just days after GoPro agreed to sell 90% of the company to Starman Optical for $285 million in cash. The deal is intended to strengthen GoPro's financial position while expanding its business into optical technologies and markets including commercial, defense and artificial intelligence infrastructure. GoPro said its existing consumer products will continue to be produced and supported as the transaction progresses. 🤝
$GPRO.US
GoPro CEO Nicholas Woodman said the company will continue developing cameras following its agreement to merge with Starman Optical. In a letter to customers, Woodman said the combined company plans to deliver more innovative cameras, smarter accessories and more capable software and services, addressing concerns about GoPro's future after the transaction. 📸
The reassurance comes just days after GoPro agreed to sell 90% of the company to Starman Optical for $285 million in cash. The deal is intended to strengthen GoPro's financial position while expanding its business into optical technologies and markets including commercial, defense and artificial intelligence infrastructure. GoPro said its existing consumer products will continue to be produced and supported as the transaction progresses. 🤝
$GPRO.US